The writing is on the wall that the U.S is hurting because of this shutdown. After tomorrow the U.S government may not be able to pay its debt installments. Warren Buffett calls it ‘pure act of idiocy’. What is wrong with the Congress? Visit NBCNews.com for breaking news, world news, and news about the economy ...

(originally written Oct 21, 2011. Part of Great Upload of 2013.) It seems like the financial markets will have an “upwards bias” for the next few months, despite the circling-the-drain quality of the macroeconomic picture, which inspired this magazine cover from the Oct 1 issue of The Economist magazine. If there’s anything I’ve learned over ...

Miscellaneous material to start your week. – The U.S.’ budget negotiations are leading to some public lobbying as to whether wealthy Americans will make any contribution whatsoever to closing the country’s deficit. On the plus side, Warren Buffett is renewing his call for a minimum tax for those who can afford it – but the ...

shutterstock_14976709.jpg Warren Buffett, the third wealthiest man on the planet (net worth: $44 billion), often referred to as the "Oracle of Omaha," is the target of a May 5 action called for by Stop Coal B.C. Well, not Buffett directly, but a rail company he owns through his massive holding company, Berkshire Hathaway: Burlington Northern Santa Fe ...

Miscellaneous material for your Saturday reading. – As much sympathy as I normally have for Linda McQuaig, I’ll argue that her premise in discussing Andrea Horwath’s call for the wealthy to pay a fair share of taxes is entirely off base. Even if it is easier to discuss such ideas when there’s a Warren Buffett ...